Elon Musk, CEO of Tesla and SpaceX, has reiterated his intention to form a new political party, dubbed the “America Party,” amid his ongoing feud with President Donald Trump over the proposed federal spending package. Musk has sharply criticized the bill, labeling it a “disgusting abomination” due to its tax breaks and cuts to essential programs like healthcare and food assistance.
What’s Behind the Feud?
The calls for a new U.S. political party gained momentum after Musk declared that if the spending bill passes, the America Party will be formed the next day. This statement sparked a wave of speculation, with Polymarket odds of Musk launching a political party by December 31, 2025, jumping from 11% to 44%.
A Growing Movement
Musk has increasingly positioned himself as politically independent, with a recent poll on X showing that 80% of respondents believe it’s time to create a new political party in America that represents the “80% in the middle.” While Musk has not taken formal steps toward party formation, his frustration with both major parties has intensified.
Challenges Ahead
Despite his immense wealth and platform control, analysts warn that creating a successful third party remains an uphill battle due to the U.S. electoral system’s strong favoritism towards the two-party structure. History offers a cautionary tale, with even well-funded campaigns like Ross Perot’s 1992 effort failing to establish a lasting third-party presence.
What’s Next?
President Trump has responded to Musk’s threats, announcing that his administration may “look into” the billionaire’s businesses. The fate of Trump’s spending bill remains uncertain, with the Senate still debating its provisions. If the bill fails, Musk’s urgency may cool, but his dissatisfaction with both Democrats and Republicans suggests that this won’t be the last time we hear calls for the “America Party.”
Key Takeaways
- Elon Musk has threatened to form a new political party, the “America Party,” if President Trump’s spending bill passes.
- Polymarket odds of Musk launching a political party by December 31, 2025, have jumped to 44%.
- Musk’s frustration with both major parties has intensified, with 80% of respondents in a recent poll believing it’s time to create a new political party in America.
- Creating a successful third party remains an uphill battle due to the U.S. electoral system’s favoritism towards the two-party structure.